Economic Ideas

What an Economist Would Buy at the Salad Bar

Weekly economic news roundup and salad bar economics
Comments (1)
  1. John says:

    Next step of salad bar economics: what happens when more and more customers takes these considerations into account and either pick more of the expensive stuff in the salad bar or make their own lunch? Well, perhaps we get a situation that looks a little like the lemons problem described by Akerlof (though I guess this is not a problem caused by asymmetric information). When the profits for the company go down, they will raise prices which further incentivises people to pick even more expensive stuff or to leave the salad table.

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